Copper output from Chile's Codelco climbs 17% in May
Codelco is the world's largest miner of the red metal.
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8 hours ago
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Bitcoin Miner MARA Holdings Upgraded to Overweight at JPMorgan; IREN and Riot Cut to Neutral
Wall Street bank JPMorgan reshuffled ratings and price targets on a group of bitcoin miners to begin the week. Updating estimates for the group to reflect second-quarter earnings and changes to the network hashrate and the bitcoin price, the bank upgraded MARA Holdings (MARA) to overweight and lifted its price target to $22 from $19, suggesting about 30% upside from the Friday close just above $17. IREN (IREN) was downgraded to neutral from overweight, though the price target was lifted to $16 from $12. Riot Platforms (RIOT) was also cut to neutral from overweight, and its target increased to $15 from $14. Overweight rated CleanSpark (CLSK) is the bank's top pick, with a raised price target of $15 versus $14 previous, suggesting about 30% upside from the close just below $12 on Friday. Unrated Cipher Mining (CIFR) has a new price objective of $6. "In a shift, we favor the pure-play operators within our coverage universe, as they offer the best relative value, and are best positioned to benefit from a rising bitcoin price," analysts Reginald Smith and Charles Pearce wrote. Miner price targets have been increased to account for higher bitcoin prices and improving mining profitability, the authors continued. The world's largest cryptocurrency was trading around $118,700 at publication time.
Yahoo
11 hours ago
- Yahoo
Falling Prices, NVMe Adoption, and Demand for High-Capacity, High-Speed Storage in Data-Driven Industries Fueling Expansion
The SSD market is projected to grow from USD 35.545 billion in 2025 to USD 72.657 billion in 2030, driven by performance enhancements and declining prices. NVMe tech boosts SSD speed, meeting cloud and data center needs. North America leads, while Asia Pacific sees rapid growth due to IT expansion. Solid State Drive Market Dublin, July 29, 2025 (GLOBE NEWSWIRE) -- The "Solid State Drive Market - Forecasts from 2025 to 2030" report has been added to solid-state drive market is expected to grow from USD 35.545 billion in 2025 to USD 72.657 billion in 2030, at a CAGR of 15.37%.The SSD market is propelled by declining prices, making these drives more accessible across industries. The adoption of Non-Volatile Memory Express (NVMe) technology has significantly improved SSD performance, offering faster data transfer rates and reduced latency. These advancements cater to the growing needs of cloud customers and data centers, where high-speed, reliable storage is critical. Additionally, SSDs' advantages - such as lower power and space consumption, resistance to physical shocks, and faster boot times - further drive their adoption. The development of high-capacity SSDs presents significant growth potential. These drives meet the escalating storage demands of industries handling large datasets, such as life sciences and financial services. The push for denser storage solutions supports complex operations, positioning SSDs as a cornerstone of modern data management and fueling market expansion over the forecast period. Market Segmentation By Interface TypeThe SSD market is segmented by interface type into SATA, SAS, Fibre Channel, and ATA/IDE. The SATA interface dominates due to its lower cost, smaller cable size, and efficient data transfer via higher signaling rates and I/O queuing protocols. SATA's compatibility with older desktop PCs upgrading from HDDs, combined with its affordability compared to other interfaces, ensures its significant market share. SAS drives, offering varied endurance options to match specific workloads, are also gaining traction in enterprise End-User IndustryBy end-user industry, the market is divided into automotive, aerospace and defense, medical, consumer electronics, and others. The automotive sector holds a substantial share due to the integration of advanced technologies in vehicles, requiring reliable storage for data-intensive systems. Consumer electronics also command a significant share, driven by the miniaturization of devices and the industry's focus on efficient, high-performance storage Outlook North America: Market LeaderNorth America is projected to hold the largest market share, driven by advanced storage solutions and substantial enterprise spending on IT infrastructure. Companies in the region prioritize SSDs to enhance business productivity and maintain competitive advantages, particularly in data centers and technology-driven Pacific: Fastest GrowthThe Asia Pacific region is expected to experience the fastest growth, fueled by booming IT infrastructure in emerging economies like China and India. The region's thriving consumer electronics industry, coupled with the presence of global players like Toshiba, Micron, and Samsung, drives market expansion. For instance, in June 2023, Micron Technology announced a US$825 million investment to build DRAM and NAND assemblies, including SSDs, in Gujarat, India, highlighting the region's growing Benefits of this Report: Insightful Analysis: Gain detailed market insights covering major as well as emerging geographical regions, focusing on customer segments, government policies and socio-economic factors, consumer preferences, industry verticals, and other sub-segments. Competitive Landscape: Understand the strategic maneuvers employed by key players globally to understand possible market penetration with the correct strategy. Market Drivers & Future Trends: Explore the dynamic factors and pivotal market trends and how they will shape future market developments. Actionable Recommendations: Utilize the insights to exercise strategic decisions to uncover new business streams and revenues in a dynamic environment. Caters to a Wide Audience: Beneficial and cost-effective for startups, research institutions, consultants, SMEs, and large enterprises. Report Coverage: Historical data from 2022 to 2024 & forecast data from 2025 to 2030 Growth Opportunities, Challenges, Supply Chain Outlook, Regulatory Framework, and Trend Analysis Competitive Positioning, Strategies, and Market Share Analysis Revenue Growth and Forecast Assessment of segments and regions including countries Key Attributes: Report Attribute Details No. of Pages 150 Forecast Period 2025 - 2030 Estimated Market Value (USD) in 2025 $35.55 Billion Forecasted Market Value (USD) by 2030 $72.66 Billion Compound Annual Growth Rate 15.3% Regions Covered Global Company Profiling (Strategies, Products, Financial Information, and Key Developments) Intel Corporation SAMSUNG Kingston Technology Europe Co LLP Western Digital Corporation Micron Technology, Inc. SK hynix Inc. Seagate Technology LLC KIOXIA Corporation ATP Electronics, Inc. Segmentation: By Interface Type SATA SAS Fibre Channel ATA/IDE By End-User Industry Automotive Aerospace and Defense Medical Consumer Electronics Others By Geography North America USA Canada Mexico South America Brazil Argentina Others Europe Germany France United Kingdom Spain Others Middle East and Africa Saudi Arabia UAE Others Asia Pacific China Japan South Korea India Indonesia Thailand Taiwan Others For more information about this report visit About is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends. Attachment Solid State Drive Market CONTACT: CONTACT: Laura Wood,Senior Press Manager press@ For E.S.T Office Hours Call 1-917-300-0470 For U.S./ CAN Toll Free Call 1-800-526-8630 For GMT Office Hours Call +353-1-416-8900Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
16 hours ago
- Yahoo
Torex Gold Resources to acquire Prime Mining
Torex Gold Resources has sealed a definitive agreement to acquire all issued and outstanding common shares of Prime Mining. This transaction will grant Torex a 100% interest in the Los Reyes gold-silver project. The Los Reyes project in Mexico is an advanced exploration/development-stage asset. It contains a combined underground and open-pit mineral resource of around 1.5 million ounces (moz) of gold and 54moz of silver in the Indicated segment, as well as 538,000 ounces of gold and 21.6moz of silver in the Inferred segment. Prime Mining shareholders are set to receive 0.060 of a Torex share for each share held. This exchange ratio implies a 32.4% premium to Prime Mining's 30-day volume-weighted average price as of 25 July 2025. Torex president and CEO Jody Kuzenko said: 'The Los Reyes project represents a unique opportunity for the Torex team to develop a high-quality asset with the potential for a high-margin, low-capital and long-life operation in a jurisdiction that we know very well. 'The acquisition of Prime Mining, and the previously announced all-cash acquisition of Reyna Silver, support our strategy to systematically build a diversified, Americas-focused precious metals producer with a portfolio of producing, development and exploration stage assets.' The transaction values Prime Mining at approximately $449m (C$617.37m), with Torex issuing around 10.5 million new shares. Post-transaction, Prime Mining shareholders will own roughly 10.7% of Torex. Notably, the transaction does not require a vote from Torex shareholders. However, Prime Mining's major stakeholders, including Pierre Lassonde and senior officers, have agreed to vote in favour of the transaction. The deal is subject to customary closing conditions including court and regulatory approvals. A termination fee of $12.5m is stipulated if the transaction is not completed under certain conditions. The arrangement will also see the settlement of Prime Mining's restricted stock units (RSUs) and deferred share units (DSUs), with an adjustment of outstanding options and warrants to Torex's terms. Subject to regulatory approvals, the transaction is expected to close in the second half of 2025 (H2 2025), with the delisting of Prime Mining shares from the Toronto Stock Exchange to follow. CIBC World Markets and Cassels Brock & Blackwell are advising Torex, while Trinity Advisors Corporation, BMO Nesbitt Burns, and Blake, Cassels & Graydon are advising Prime Mining. Prime Mining director and CEO Scott Hicks said: 'The addition of Prime Mining's high-quality Los Reyes project to the Torex pipeline as its next development asset presents both Prime Mining and Torex shareholders with substantial value enhancement through this share-based acquisition. 'In addition to gaining exposure to Torex's free-cash flowing Morelos Complex, Prime Mining shareholders can continue to realise significant value creation as Los Reyes is developed with the benefit of Torex's operational and development experience in Mexico.' Additionally, Torex has announced the planned acquisition of Reyna Silver for C$36m, further consolidating its position in the mining sector. "Torex Gold Resources to acquire Prime Mining" was originally created and published by Mining Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
